Shell sells QCLNG stake

December 21, 2020

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Global Infrastructure Partners Australia has acquired a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities for $2.5Bn from QGC Common Facilities, a full subsidiary of Shell. The transaction concerns the entity which holds and operates LNG storage tanks, jetties and infrastructure which service the LNG trains and does not impact the ownership structure of QGC or QCLNG joint venture. Upon completion of the transaction, Shell will remain majority owner and operator of the Common Facilities with 73.75% of QCLNG Common Facilities. The deal is subject to approval by Australian regulatory authority and is expected to be finalized in the first half of 2021.

Edited from Shell press release